HIVE Digital reports Q2 FY2027 revenue of $84.9 M, GAAP loss of $78.7 M and rapid AI‑HPC growth
HIVE Digital Technologies announced second‑quarter FY2027 results. Total revenue was $84.9 million, down 2.7% YoY, while GAAP net loss widened to $78.7 million, including a $31.2 million non‑cash equipment impairment. Bitcoin mining revenue fell 7.4% YoY to $76 million despite a 49% increase in production to 1,070 BTC, and the BUZZ HPC segment grew 70.7% YoY to $8.8 million. The company holds $139 million in cash and disclosed $185 million of contracted GPU‑cloud ARR, with a $493 million expansion plan for AI infrastructure.
Why it matters
The loss highlights ongoing pressure on mining economics, but the strong AI‑HPC revenue growth and sizable cash balance give the company runway to execute its $493 million expansion and pursue the $185 million contracted GPU‑cloud pipeline, which could improve future earnings. Analysts note that the AI segment offsets mining volatility (see).
Key facts
- 1Total revenue was $84.9 million, down 2.7% year‑over‑year. nugget.ca
- 2GAAP net loss was $78.7 million, including a $31.2 million non‑cash equipment impairment. nugget.ca
- 3Bitcoin mining revenue was $76 million, down 7.4% year‑over‑year. finance.yahoo.com
- 4Bitcoin production increased 49% year‑over‑year to 1,070 BTC. tradingview.com
- 5BUZZ HPC revenue grew 70.7% year‑over‑year to $8.8 million. nugget.ca
- 6Cash and cash equivalents totaled $139 million at quarter‑end. nugget.ca
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.